Himanshu Yagnik's resigned from his position as COO to pursue his interests outside the organization.
The company said it is compiling information to verify the facts claimed in said petition filed by Axis Bank Limited.
Earlier on February 10, the National Company Law Tribunal (NCLT) had admitted the plea filed against Zee Learn by its financial creditor Yes Bank Ltd (YBL) and directed to initiate insolvency proceedings against it.
Yes Bank Ltd (YBL) had claimed a default of Rs 468.99 crore by the Essel Group company.